Dimensions of Competitiveness
Dimensions of Competitiveness
Contributor(s): Tadeusz Kowalski (Editor), Barbara Jankowska (Editor), Maciej Pietrzykowski (Editor)
Subject(s): Economy, National Economy, Supranational / Global Economy, Economic development, Public Finances, Globalization
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: competitiveness;globalisation;innovation;european integration;economic and monetary union;financial sector;
Summary/Abstract: Individual businesses, sectors, entire national economies, and regional integration groupings have experienced deep technological and economic changes. This has led to the emergence of a new economic order, driven by globalization, the capacity to create and absorb technological progress, and fast transfer of knowledge. Transformations in the economic landscape necessitate a search for new ways of creating value, and consequently economic prosperity. Creating value and – in a broader sense – the developmental capacity of the company, sector, region, economy or regional integration grouping are intrinsically related to increasing their competitiveness. The notion from which competitiveness derives is competition. Competition has been defined, perceived, and interpreted in many ways by various schools of economic thought. For classical economists competition was identical to rivalry, while for the neo-classicists it is more of a market situation. In evolutionary economics competition is seen as a selection mechanism. This diverse nature and interpretation of competition is reflected in the multidimensional concept of competitiveness.
- Print-ISBN-13: 978-83-7417-557-9
- Page Count: 149
- Publication Year: 2010
- Language: English
The economic and monetary union vs. shifts in competitiveness of member states
The economic and monetary union vs. shifts in competitiveness of member states
(The economic and monetary union vs. shifts in competitiveness of member states)
- Author(s):Tadeusz Kowalski, Maciej Pietrzykowski
- Language:English
- Subject(s):Economy, EU-Accession / EU-DEvelopment, Globalization, EU-Legislation
- Page Range:11-35
- No. of Pages:23
- Keywords:economic and monetary union;competitiveness of the EMU member states;measures of international competitiveness;
- Summary/Abstract:The aim of this chapter is to assess changes in the relative competitiveness of 12 countries forming the Economic and Monetary Union (EMU) between 1999–2009. Greece was the only EU country which had not yet been accepted in the EMU in 1999 and later joined the Eurozone in 2001. Despite the time difference, it was assumed that by including this economy in the analyzed EMU 12 group it would provide a more complete picture of the influence of monetary solutions and economic policies within this grouping as it relates to the competitiveness of its particular members. Section 1 is devoted to a brief presentation of assumptions and expectations regarding the EMU. Section 2 examines real effective exchange rates (REERs). Along with the standard literature, it is assumed that REERs are important summary measures of shifts in competitiveness. Section 3 is devoted to trade developments that are linked to the REERs. We present and analyze gross measures such as exports to the gross domestic product (GDP) ratio, external exports, export/import ratio, the share of EMU country exports in world exports and the role of high-tech trade. Section 4 deals with the shifts in labor force performance and Section 5 is devoted to the most comprehensive measures which are GDP and gross national income (GNI) developments.
Competitiveness vs. stability of the financial sector: the case of the Polish financial sector
Competitiveness vs. stability of the financial sector: the case of the Polish financial sector
(Competitiveness vs. stability of the financial sector: the case of the Polish financial sector)
- Author(s):Anna Matysek-Jędrych
- Language:English
- Subject(s):Economy
- Page Range:36-55
- No. of Pages:20
- Keywords:competitiveness;financial sector;financial stability;global financial crisis;
- Summary/Abstract:The aim of this Chapter is to analyze and assess the relationship between two important features of the financial sector: competitiveness and stability. It is crucial to strengthen both the competitiveness and stability of the financial sector in the new globalised and integrated economy. But it is also crucial to take into account during this process the interrelationship between these two categories. The first Section is devoted to the analysis of the competitiveness concept in relation to the financial sector. Section two presents the most important issues connected with the concept of financial sector stability. Section three contains a comparative analysis of the two concepts: financial sector competitiveness and financial sector stability. Section four is devoted to the simple analysis of stability and competitiveness of the Polish financial sector in 2007–2010. The Conclusions contain the most important practical implications of the identified interrelationship between financial sector competitiveness and financial sector stability conceptions.
Information asymmetry and investment in the manufacture of food products and beverages and in the manufacture of motor vehicles, trailers and semi-trailers
Information asymmetry and investment in the manufacture of food products and beverages and in the manufacture of motor vehicles, trailers and semi-trailers
(Information asymmetry and investment in the manufacture of food products and beverages and in the manufacture of motor vehicles, trailers and semi-trailers)
- Author(s):Dominika Zenka-Podlaszewska
- Language:English
- Subject(s):Economy
- Page Range:56-70
- No. of Pages:15
- Keywords:asymmetric information;manufacturing;cointegration;impulse response analysis;investment;interest rate;financial constraints;
- Summary/Abstract:The aim of this Chapter is to verify whether or not larger firms in the Polish manufacturing sector are less likely to be affected by asymmetric information than smaller ones. The first Section is devoted to the description of the asymmetric information mechanism as well as formulating hypothesis. Financial constrains exist if investment is more responsive to changes to the level of liquidity than interest rates. If, however, it transpires that the fragmented division is more dependent upon the level of cash flow (decoupled from market interest rate levels) than the consolidated division, this would suggest that smaller firms are more financially constrained than larger ones. Section two presents cointegration and impulse response analysis, namely: analysis of food product and beverage manufacturing; motor vehicle, trailer and semi-trailer manufacturing and a comparison of outcomes.
Institutional support of innovation at the regional level
Institutional support of innovation at the regional level
(Institutional support of innovation at the regional level)
- Author(s):Dorota Czyżewska
- Language:English
- Subject(s):Economy
- Page Range:71-90
- No. of Pages:20
- Keywords:regional competitiveness;innovation;region;Rhône-Alpes;
- Summary/Abstract:The aim of the Chapter is to examine the importance of institutional support of regional innovativeness in the context of the knowledge based economy. The Chapter is divided into four Sections and Conclusions. In the first Section a regional innovativeness concept is developed, Section two proposes an overview of innovation supporting structures and underlines the role played by these institutions. Section three presents a portrait of Rhône-Alpes in the field of innovation and research and Section four investigates the significance of some innovation support institutions in the regional development of the Rhône-Alpes region.
Clusters as a mode of coopetition: the case of firms from one region in Poland
Clusters as a mode of coopetition: the case of firms from one region in Poland
(Clusters as a mode of coopetition: the case of firms from one region in Poland)
- Author(s):Barbara Jankowska
- Language:English
- Subject(s):Economy
- Page Range:91-109
- No. of Pages:19
- Keywords:clusters;coopeition;Poland;Wielkopolska;
- Summary/Abstract:The aim of the Chapter is to signal the current stage of research within the clusters field in Poland and to highlight a need to investigate coopetition as an attribute of clusters because it seems that the concept of clusters is misused. How can one talk about participating in a cluster without being involved in collaboration with market rivals? The first Section of the Chapter provides a brief theoretical background of a research into the subject of clusters and coopetition. Poland’s experience with regard to clusters and cluster initiatives is outlined in the subsequent Section. This is followed by a presentation of empirical research results. The aim of the research was to investigate the perception of coopetition among companies which are cluster participants and firms which are not involved in this type of business relationships.
Hypercompetition in the perspective of Schumpeter’s theory
Hypercompetition in the perspective of Schumpeter’s theory
(Hypercompetition in the perspective of Schumpeter’s theory)
- Author(s):Jan Polowczyk
- Language:English
- Subject(s):Economy, Economic development
- Page Range:110-125
- No. of Pages:16
- Keywords:competition;hypercompetition;Schumpeter’s theory of creative destruction;creative destruction;
- Summary/Abstract:The purpose of the Chapter is to present academic discussion regarding the hypercompetition phenomenon observed in the US and in the world economy. The Chapter consists of four main Sections. In the first, the general hypercompetition landscape, particularly in the American economy has been described. The second Section discusses the literature that elaborates hypercompetition within the main perspectives of strategic management. In the third Section empirical studies have been presented. The final Section discusses the results of empirical research. The Chapter emphasizes the pioneer role of J.A. Schumpeter in the discussion. At the center of Schumpeter’s theory was the assertion that ‘creative destruction’ would become increasingly more intensive in a wide range of industries. More recently, this assertion has resurfaced with the concept of hypercompetition.
